Here Are 4 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed Thursday's session in the red thanks to declines in Visa Inc. (V) , DowDuPont Inc. (DWDP) and Microsoft Corp. (MSFT) .General Electric Co. (GE) posted weaker-than-expected fourth-quarter earnings but saw sales rise solidly, lifting the stock 11.43% on Thursday.Facebook Inc. (FB) surged 1...Read More
Zinc gained more than 1% in morning trading on the London Metal Exchange on Thursday January 31, breaching technical support at its 100 DMA for the first time since July 2018 amid continued stock drawdowns and cancelations. Volumes were decent at more than 5,000 lots as of 10:00am London time, just behind copper's 5,800 lots. Easing tightness in zinc's cash/three-month spread, which has narrowed t...Read More
In Zhuzhou - former home of China's top zinc smelter - the skies aren't exactly blue, but they're starting to clear up. Today the city in Hunan province registered an air quality index of close to 250, regarded as "very unhealthy". Still, the index, which measures particulate matter PM2.5, was close to 280 at the same time last year. It was home to the Zhuzhou Smelter Group, the world's fifth larg...Read More
Bushveld Minerals Ltd increased annual revenues from vanadium mining by 142.7% in 2018 to $192.2 million on higher vanadium prices, the integrated South African producer announced on Wednesday January 30.However, the notably lower 32.9% increase between the third and fourth quarters, for fourth quarter revenues of $60.2 million, reflected vanadium prices coming off of a historic peak.For example,...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce the completion of the sale of an end-to-end cannabis extraction and processing facility to Cannaworld Ventures Inc. ("Cannaworld Ventures").Cannaworld Ventures provides strategic investments in the cannabis industry focusing primarily on opportunities in the cannabis processing sector. C...Read More
This helped offset a decline in the retail investment and jewellery segments, according to the GFMS Gold Survey released on Wednesday.Read More
US titanium producer Global Titanium, which is based in Detroit, Michigan, has suffered no impact to production after a fire at its plant earlier this month.The company, which has the capacity to make 10,000 tonnes per year of 70% grade (Ti) alloy and is one of the biggest ferro-titanium producers in the world, said the impact of the fire had only slowed production of fines. The fire on January 3...Read More
By: Gary ChristensonGold prices (weekly chart) formed an impressive inverse head and shoulders formation during a five-year base. Gold prices, which bottomed in December 2015, should climb the wall of worry.WHAT WALL OF WORRY?Really? You have to ask? Financial, stock market, debt and political worries come to mind:Global debt is about $250 trillion. The lenders expect to be repaid plus interest....Read More
Well, there you have it: the most brazenly bogus rally in the history of the world. Are these guys good, or what? The fix was in even before Powell declared Wednesday afternoon that the Fed would be "patient." (Now there's a word that will reverberate through history!) AAPL's and Boeing's handlers had already gotten the jump on the Fed chairman's latest PR mutterance, deftly engineering respec...Read More
Turkish deep-sea scrap import prices moved down on Thursday January 31 following more bookings done at slightly lower levels, sources told Fastmarkets.Four more bookings add to the 16 other bookings that have come to light this week. A steel mill in the Samsun region booked a US cargo comprising 28,000 tonnes of HMS 1&2 (90:10) and 6,000 tonnes of shredded at an average price of $316 per tonne cfr...Read More
European molybdenum prices rose this trading this week, with both molybdenum oxide and ferro-molybdenum prices paring almost all losses so far this year, with higher oxide offer prices behind the rise in the alloy market.Still, there were few deals reported and industry sources said there is a disparity between oxide fundamentals and those in ferro-molybdenum, casting doubt on the sustainability o...Read More
US titanium producer Global Titanium, which is based in Detroit, Michigan, has suffered no impact to production after a fire at its plant earlier this month.The company, which has the capacity to make 10,000 tonnes per year of 70% grade (Ti) alloy and is one of the biggest ferro-titanium producers in the world, said the impact of the fire had only slowed production of fines. The fire on January 3...Read More
Solgold CEO, Nick MatherSolGold [SOLG-TSX, LSE] said Thursday it is planning to make an offer to acquire all the outstanding shares of Cornerstone Capital Resources Inc. [CGP-TSX, CTNXF-OTC, GWN-F].If the offer succeeds, holders of Cornerstone who tender their shares to the offer will receive 0.55 of a SolGold share in exchange for every Cornerstone share tendered, SolGold said.However, readers of...Read More
Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] emerged as the volume leader on the TSX Venture Exchange Thursday after the company released final assays from phase two drilling on the Moosehead Gold Project in north-central Newfoundland.However, investors reacted to those results by sending the shares down 38% or $0.0...Read More
Comex copper prices moved higher on Thursday morning in the United States, with an improving macroeconomic backdrop lifting the entire base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rose 2.25 cents to $2.79 per lb. "The improved macroeconomic backdrop has provided risk sentiment with a good bullish vibe, allowing the red met...Read More
Choco 10 MineRusoro Mining Ltd. [RML-TSXV] shares tumbled in heavy trading Wednesday following news of an unfavourable court decision related to a US$1.2 billion arbitration award that followed the expropriation of mining properties in Venezuela.Rusoro said the Paris Court of Appeals, in a decision dated January 29, 2019, has partially annulled the arbitral award issued in favour of the company in...Read More
Vale SA, the world’s largest iron ore miner, has vowed to sacrifice production for safety to avoid another tailings dam failure. (Image: Screenshot from BBC News video.)Analysts have begun to weigh the consequences of a deadly tailings dam breach at a Brazilian mine operated by Vale SA [VALE-NYSE], the world's largest producer of iron ore and nickel.The Brumadinho dam breach, which occurred...Read More
A dovish US Federal Reserve stance, a weaker dollar and a firmer Chinese yuan, which may indicate confidence in US-China trade talks, are all helping to underpin the three-month base metals prices on the London Metal Exchange this morning, Thursday January 31.Lead and zinc prices led on the upside with gains of 0.6% and 0.5% respectively,followed by rises of 0.4% in tin, 0.3% in aluminium, 0.2% in...Read More
Gold futures marked their highest finish since mid-May on Wednesday, stretching their win streak to the longest in a month. Prices continued to move up in electronic trading after the Federal Reserve left interest-rates unchanged and said it would be "patient" on its next rate move. Shortly after the Fed decision, the most-active April gold contract GCJ9, +0.02% climbed to $1,321.40 an ounce in el...Read More
* Copper cancelled warrants help boost prices * Zinc touch 3-month high, nickel touches 4-month high (Updates with closing prices)By Pratima DesaiLONDON, Jan 31 (Reuters) - Copper prices hit seven-weekhighs on Thursday as the dollar slipped after the U.S. centralbank signalled further interest rate rises could be shelved, butgains were capped by shrinking activity in China's manufacturingsector.Be...Read More